A primitive version of what today would most likely be a "mutual fund" or similar instrument.
The origins of the term date to the stock market bubble of the Roaring Twenties, where at the peak of the frenzy individual speculators were offering "$600 for radio" - in this case, not an actual AM radio receiver, but one share of stock in RCA, which was being hyped in those days as vociferously as Internet-related stocks at the turn of the millennium.
$600 was a lot of money in those days, so those who couldn't afford to buy the stock directly would collectively buy into a bucket fund and the bucket fund would buy the stock, hold it briefly, then sell it to repay the individual speculators.
Eventually the bubble burst and everyone lost their shirt.
The origins of the term date to the stock market bubble of the Roaring Twenties, where at the peak of the frenzy individual speculators were offering "$600 for radio" - in this case, not an actual AM radio receiver, but one share of stock in RCA, which was being hyped in those days as vociferously as Internet-related stocks at the turn of the millennium.
$600 was a lot of money in those days, so those who couldn't afford to buy the stock directly would collectively buy into a bucket fund and the bucket fund would buy the stock, hold it briefly, then sell it to repay the individual speculators.
Eventually the bubble burst and everyone lost their shirt.
It seems that everyone these days is peddling mutual funds, exchange traded funds, funds, funds, funds. Banks, trust companies, credit unions, insurance companies... all are getting on the bandwagon and unleashing their most voracious commission salespeople. No wonder, though, as the various inscrutable offerings are a nightmare of fees - front-end loads, back-end loads, management expense ratios - to the point where the modern equivalent to a bucket fund is a leaky bucket where 2% of your life slavings may well be gone every year just in fees. Over a quarter century, that might add up to half your capital.
So basically, the leaky bucket fund with its active management has to outperform the market by 2% annually every darned year just to cover all of the bull-shovel fees. Not all of them do. It's a little like a stockbroker proudly pointing out his shiny new boat at the marina only to be asked "but where are the customer's yachts?"
So basically, the leaky bucket fund with its active management has to outperform the market by 2% annually every darned year just to cover all of the bull-shovel fees. Not all of them do. It's a little like a stockbroker proudly pointing out his shiny new boat at the marina only to be asked "but where are the customer's yachts?"
by bitchuck September 20, 2024
A large storage bin or container with a lid. It is also referred to as a storage bin or storage tote.
Please bring the tupper-bucket, filled with your summer clothes, down from the attic.
Excuse me, will you please point me in the direction of your tupper-buckets?
Excuse me, will you please point me in the direction of your tupper-buckets?
by Kathy King May 31, 2024
by Jenfen11 December 13, 2018
He’s a Big Bucket
by bigbucketenergy July 25, 2023
“Do you want to get a blackout bucket tonight?”
“I’d rather not go to the hospital”
“You don’t have an option”
“I’d rather not go to the hospital”
“You don’t have an option”
by throwaway19372816 March 26, 2021
An insulting expression used to signify the insignificance of someones argument/opinion/ insult. Essentially communicating that they are just talking piss which isn't getting through to you its just going into a theoretical bucket which you couldn't care less about. Can be used to either escalate a conflict or end it its this versatile nature of the phrase which i enjoy most.
Could be used in a number of phrases
"Mate your just pissing in the bucket"
"Stop in pissing the bucket mate back off"
"alright look mate all your doing is pissing in the bucket so i'm leaving"
Could be used in a number of phrases
"Mate your just pissing in the bucket"
"Stop in pissing the bucket mate back off"
"alright look mate all your doing is pissing in the bucket so i'm leaving"
by Peter Lalor September 14, 2021
by Nrtj January 20, 2014